Nomura: Bullish on M’sia

Malaysia is likely to benefit from a consumption boom says Nomura, “[T]he most powerful theme would be the consumption theme in Malaysia. We have added a lot of the middle class segment of the population. That really explains why we are seeing more demand for property, higher value property,”

Despite the KLCI having risen about 30% this year, Nomura analysts see 20% rise in 2011.